Is your finance function a well-oiled machine or is it a creaking door? Gone are the days of pencil and paper-bound processes, now the mid-market CFO’s office expects preemptive and proactive fix-ups to improve the bottom line. Understanding the different parts of a well-oiled machine is key to building a healthy finance and accounting function; this holds true for your Order to Cash and Record to Report operations.
A quicker turnaround in the invoice-to-cash cycle with real-time analysis of data captured eventually trickles down to help businesses identify trends, gaps, and opportunities to optimize processes. In fact, finance organizations plan to shave 30% to 50% off the close cycle timeline by using AI to automate decision-making (Source: Gartner).
In this episode of Receivables Townhall, we discuss how optimizing your O2C and R2R processes go hand in hand to build a profitable business. Join us to explore how an autonomous finance solution helps in reducing the credit-to-cash cycle and enables strategic business forecasting and planning.
HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.